In 2023, China led global exports of frozen cod fillets with a substantial market value of $873.46 million. Russia and the Netherlands followed with $306.19 million and $293.39 million, respectively. Notable growth was observed in smaller markets like Italy and Croatia, experiencing significant year-on-year increases of 25.18% and 50.72%. Conversely, Vietnam and Canada saw declines of 7.56% and 7.97% respectively. Over the past five years, the industry has showcased varied yearly growth, with smaller countries like Estonia and Taiwan making noticeable increments.
Looking ahead, the global frozen cod fillets export market could witness significant shifts influenced by sustainability trends, regulatory changes in fishing practices, and varying demand patterns from major consuming regions. Close attention should be paid to the geopolitical climate and trade relationships, especially involving leading exporters like China and Russia.
Top countries in Frozen Cod Fillets Exports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 873,460,000 | 2023 | +8.09% | +1.88% | View data |
| 2 | 2 Russia | 306,190,000 | 2023 | +8.1% | +5.72% | View data |
| 3 | 3 Netherlands | 293,390,000 | 2023 | +4.01% | +5.51% | View data |
| 4 | 4 Sweden | 23,418,000 | 2023 | +16.04% | +20.7% | View data |
| 5 | 5 Vietnam | 20,701,000 | 2023 | +1.2% | -7.56% | View data |
| 6 | 6 Canada | 9,347,300 | 2023 | +3.61% | -7.97% | View data |
| 7 | 7 Portugal | 8,147,200 | 2023 | +20.11% | -2.68% | View data |
| 8 | 8 Italy | 1,457,000 | 2023 | +11.65% | +25.18% | View data |
| 9 | 9 Estonia | 1,123,100 | 2023 | +11.99% | +11.87% | View data |
| 10 | 10 Luxembourg | 91,800 | 2023 | +2.68% | +3.31% | View data |
